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HB 4504

Individual income tax: credit; state historic preservation tax credit program; modify. Amends sec. 266a of 1967 PA 281 (MCL 206.266a). TIE BAR WITH: HB 4503'25

2025-2026 Regular Session Introduced by Joey Andrews and 5 co-sponsors

Michigan bill modifies historic preservation tax credits to adjust taxpayer incentives for restoring eligible historic properties and structures.

bill electronically reproduced 05/20/2025
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Bill Summary · HB 4504

Legislative bill overview

HB 4504 modifies Michigan's state historic preservation tax credit program by amending the income tax credit provisions in the Michigan Tax Code. The bill is tied to companion legislation (HB 4503) and has been referred to the Economic Competitiveness Committee for initial review. The specific amendments to the credit structure are not detailed in the summary provided, but the bill directly affects how taxpayers can claim credits for historic preservation activities.

Why is this important

Historic preservation tax credits incentivize private investment in restoring older buildings and maintaining architectural heritage, which can drive economic development in downtown areas and neighborhoods. These credits affect state tax revenue while potentially spurring real estate investment and job creation in construction and related trades. The modification could expand, restrict, or restructure these incentives, significantly impacting both the state budget and property owners' ability to fund restoration projects.

Potential points of contention

  • Tax revenue impact: Changes to credit generosity or eligibility could either reduce state tax collections or require alternative funding mechanisms
  • Geographic equity: Historic preservation credits may disproportionately benefit certain regions or affluent communities with older architecture, raising fairness questions
  • Program scope and definition: Disagreements may arise over what qualifies as "historic" and which properties or improvements are eligible for credits

Compiled from official sources — confirm details with the bill’s official record.

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